Itr 4
Channi (COO) (43 Points)
09 August 2015Channi (COO) (43 Points)
09 August 2015
Rajagopalakrishnan R
(PARTNER)
(1417 Points)
Replied 10 August 2015
If you have business loss, this is not allowed to be deducted against salary income as perIncome tax Law. That is the reason why it does not get deducted. Ths loss will be carried forward and adjusted agaisnt business profit of later years, provided you file the return on time.
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